Week in Review
PPC ON STRIKE AGAIN
Workers of Panama Ports Company (PPC) reported on May 9 a “wave of redundancies” in Balboa and Cristobal. In Colon, 10 dismissals were reported, while in Panama the figure could be higher. The Chinese-owned company recently reported millions in losses for clients after overcoming a dock stoppage declared by workers demanding a wage increase of 30%. The workers again went on strike, this time for one day.
Maersk Line says its Daily Maersk Asia-North Europe service that has been running for six months has achieved 97% reliability over that period and, more recently, has exceeded 99%.
Ole Pradsgaard, Daily Maersk Project Lead, said: “We are extremely pleased to see the on-time delivery rate for Daily Maersk improving month by month.”
The Danish shipping giant says the service has attracted customers because it offers daily cut-off times for cargo loading, rather than weekly, [...]
Asia Pacific airlines received higher revenue, but lower profits last year.
The Association of Asia Pacific Airlines (AAPA) said the total net profit of $4.8 billion in 2011 was down 47% on the previous year, due to higher oil prices and a weaker cargo market.
Based in Kuala Lumpur, AAPA said total revenue among its 17 carrier members was up 10% on a year ago at $162 million. However, it added that this represented only [...]